Answer Happy

The owner of Magic Manufacturing, Tom Sawyer, is considering selling his business. He provides his accountant with the following information for the month of March, which has just ended: Direct Materials Purchased Prime Costs Direct Labour rate ($/hour) Direct Materials, 1st March Direct Materials, 31st March Overhead Application Rate Actual Overhead Incurred Finished Goods, 1st March Finished Goods, 31st March Sales Revenues Sales Mark-up $ 1,300,000 $4,360,000 $ 30 per hour $ 300,000 $ 180,000 $ 11 per direct labour hour $ 1,250,000 $ 350,000 $ 65,000 $ 9,6911000 120% on cost Data for this question is also available in the file: Adjusted COGS.xlsx Calculate the adjusted cost of goods sold for the month of March. Do not use the dollar sign $ in your answer. To be marked correct just enter your answer in dollars (rounded to the nearest dollar),